The Week: City News - RTL suffers revenue slump

RTL, the owner of Five, has reported an 11 per cent fall in revenue in the first quarter of 2009 and predicted profits will be "considerably down" this year due to the downturn in the European TV ad market.

RTL reported group revenue of EUR1.19 billion (£1.05 billion) in the three months to the end of March, down from EUR1.3 billion (£1.16 billion) for the same period last year.